FTSE Global Classification System
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO FTSE Global Classification System Contents
Introduction
Classification Structure
About FTSE Group
00 Resources
10 Basic Industries
20 General Industrials
30 Cyclical Consumer Goods
40 Non-Cyclical Consumer Goods
50 Cyclical Services
60 Non-Cyclical Services
70 Utilities
80 Financials
90 Information Technology
Summary of Rules
Quick Reference Guide
Contact Us
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO FTSE Global Classification System Introduction
Welcome to the FTSE Global Classification System Handbook. This easy to use handbook will give you an overview of the System and serve as a handy desk companion for continued reference.
The FTSE Global Classification System is rapidly becoming the most widely used global classification standard. Leading Exchanges, Investment Houses and Investment Consultants have adopted the system to define and classify their markets.
As the profile of sector investing continues to rise, FTSE Global Classification System provides a detailed and comprehensive structure for sector analysis and investment.
The First Choice
A growing list of stock exchanges around the world use the system to classify listed stocks, including London Stock Exchange, Euronext, Hang Seng in Hong Kong and JSE Securities Exchange in Johannesburg.
Investment houses such as Bear Stearns, ING Barings and Nomura have structured their research teams and based their research on the system. Russell / Mellon in the USA has also used it to classify the Russell 3000 indices.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO FTSE Global Classification System
Features
The features of the FTSE Global Classification System include:
A detailed and comprehensive structure for sector analysis
High correlation of performance among stocks within their sectors
A recognised global standard, used by major stock exchanges
A structure that finds the balance between technical excellence and commercial viability
Rules driven, independent structure that is easily understandable and consistent
An approach that facilitates the comparison of companies within sectors and sub-sectors across national boundaries
An annual review process that ensures the categorisation evolves to reflect the changes in industry segmentation
Benefits
All segments of the market, from analysts and fund managers to local exchanges, have benefited from using the FTSE Global Classification System. Some of the many benefits are:
Easier estimation of sector risk and return
Certainty from using an accurate, current and consistent reflection of the market
Alignment of sector analysis with principal country stock exchanges
Credibility from working with a leading global standard
A better structure for sector investment
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO FTSE Global Classification System
Classification Structure
The FTSE Global Classification System allocates companies to the sub- sectors whose definition most closely describes the nature of its business. The nature of a company’s business is determined by studying the proportion of overall profit arising from each of its business areas.
The structure comprises of
10 economic groups, which follow a general economic theme, e.g. Financials
36 industrial sectors which follow a general industrial theme, e.g. Insurance
102 industry sub-sectors or homogenous groups, e.g. Re-insurance.
An example is shown below: Economic Groups Information Technology
Industrial Sectors
Information Technology Hardware Software & Computer Services
Industry Sub-Sectors
Computer Semi-con- Telecom Computer Internet Software Hardware ductors Equipment Services
Independent and Transparent Management
The FTSE Global Classification System Committee, a group of leading market professionals, manages the system and ensures the Ground Rules are strictly adhered to. Their role is to:
Ratify the classification of new stocks and changes in a company’s classification
Manage the Ground Rules and appeals process
Consider changes to the system itself
To ensure complete transparency the Ground Rules are available in full from www.ftse.com. A summary of the rules is available at the end of the handbook.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO FTSE Global Classification System About FTSE Group
FTSE Group is a global leader in providing equity and bond indices to investors. Our aim is to assist investors to develop successful strategies: strategies that produce greater profit and better per- formance.
FTSE’s approach is to create innovative indices and data services on demand, backed by strong on-going customer support. We have grown our product range from the world-recognised FTSE 100 Index to provide a suite of global, regional, sector and themed indices. In addition, we also provide data services such as our classification system and data across asset classes.
FTSE Group's current partnerships with organisations such as the American Stock Exchange, Athens Stock Exchange, Euronext Exchange in Europe, Hang Seng in Hong Kong, JSE Securities Exchange in Johannesburg, London Stock Exchange, Nomura Research in Japan, Taiwan Stock Exchange and Xinhua Financial Network in China, has enabled us to bring international index expertise to domestic investors.
FTSE Group serves clients in 77 countries with offices in London, New York, Madrid, Paris, Frankfurt, San Francisco and Hong Kong.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 00 Resources
00 Resources
04 Mining 043 Gold Mining Prospectors for, extractors and refiners of gold bearing ores.
045 Mining Finance Finance houses engaged in financing and developing mining interests or deriving an income from mining interests.
048 Other Mineral Extractors & Mines Companies engaged in the exploration, extraction and/or refining of minerals other than gold.
07 Oil & Gas 073 Oil & Gas – Exploration & Production Companies engaged in exploration for, and production of, mineral oil and gas.
075 Oil – Services Providers of services, including drilling, for oil and natural gas exploration and production. (NB: As distinct from "Gas Distribution" in the Utilities Economic Group - 730).
078 Oil – Integrated Companies engaged in the exploration for, production, refining, distribution and supply of mineral oil and gas products.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 00 Resources 10 Basic Industries Industries 10 Basic
11 Chemicals 113 Chemicals – Commodity Producers of commodity and industrial chemicals, industrial gases and fibres.
116 Chemicals – Advanced Materials Producers of cellular polymers and specialist plastics. Manufacturers of polystyrene and other plastic packaging materials.
118 Chemicals – Speciality Producers of fine chemicals, dyestuffs and chemicals for specialised applications.
13 Construction & 131 Builders Merchants Building Materials Wholesalers of building materials and timber importers
132 Building & Construction Materials Producers of materials used in the construction and refurbishment of buildings and structures, e.g. cement, glass and flooring materials other than carpets - not classified in “Furnishings & Floor Coverings” - 342 in the “Cyclical Consumer Goods” Economic Group and refractory materials.
134 House Building Constructors of residential buildings.
137 Other Construction Constructors of non-residential buildings. Infrastructure contractors and providers of services to construction.
15 Forestry & Paper 153 Forestry Owners and operators of timber tracts, forest tree nurseries and sawmills.
156 Paper Producers, converters and merchants of all grades of paper.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 10 Basic Industries (continued)
18 Steel & Other 186 Non-Ferrous Metals Basic Metals Metal traders or producers of primary 10 Industries non-ferrous metal products, encompassing all processes from smelting to alloying, rolling and drawing.
188 Steel Steel stockholders or manufacturers of primary iron and steel products, encompassing all processes from smelting in blast furnaces to rolling mills and foundries.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 20 General Industrials
21 Aerospace & 215 Aerospace Defence Manufacturers and assemblers of aircraft, equipment and aircraft parts primarily Industrials 20 used in commercial or private air General transport.
216 Defence Producers of components and equipment for the defence industry.
24 Diversified 240 Diversified Industrials Industrials Industrial companies engaged in three, or more, classes of business that differ substantially from each other, noone of which contributes 50%, or more, of pre- tax profit, nor less than 10%.
25 Electronic & 252 Electrical Equipment Electrical Producers and distributors of industrial Equipment electrical components and equipment.
253 Electronic Equipment Producers and distributors of industrial electronic components and equipment not classified elsewhere, e.g. in “Aerospace & Defence” – 215 & 216, “Household Appliances & Housewares” – 345 – or the “Hardware” sector of the “Information Technology” Economic Group - 932, 936 and 938.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 20 General Industrials (continued)
26 Engineering & 263 Commercial Vehicles & Trucks Machinery Manufacturers of commercial vehicles, railway rolling stock and heavy agricultural and construction machinery and their parts.
264 Engineering – Contractors General
20 Industrials Designers, manufacturers and installers of industrial plant and pollution control equipment.
266 Engineering Fabricators Producers of castings, pressings, welded shapes; fabricators and erectors of structural steelwork.
267 Engineering – General Engineering companies not classified elsewhere, making or distributing a variety of products.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 30 Cyclical Consumer Goods
31 Automobiles 311 Automobiles & Parts Companies which manufacture and assemble passenger automobiles and motorcycles.
313 Auto Parts Manufacturers and distributors of auto parts other than those classified else- Consumer Goods where, e.g. in “Tyres & Rubber” - 317. 30
317 Tyres & Rubber Cyclical Tyre manufacturers and distributors. Tyre treaders for automobiles, trucks, tractors and aircraft.
318 Vehicle Distribution Distributors, sellers and/or servicers of vehicles.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 30 Cyclical Consumer Goods (continued)
34 Household Goods 341 Clothing & Footwear & Textiles Manufacturers or wholesalers of all types of clothing and footwear, including those for sportswear.
342 Furnishings & Floor Coverings Manufacturers and distributors of furni- ture (including office furniture) and fur- nishings, carpets and other materials for covering floors.
343 Consumer Electronics Manufacturers or distributors of con-
Cyclical sumer electronics and electrical equip- Consumer Goods 30 ment.
345 Household Appliances & Housewares Manufacturers or distributors of domes- tic appliances, lighting, tools for use in the home, hardware, cutlery, tableware, giftware, jewellery and watches.
347 Leisure Equipment Manufacturers or distributors of leisure equipment not classified under “Clothing & Footwear” - 341
349 Other Textiles & Leather Goods Manufacturers or distributors of textile materials and goods other than clothing and of leather goods other than footwear. Processors of hides and skins.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 40 Non-Cyclical Consumer Goods
41 Beverages 415 Beverages – Brewers Manufacturers and shippers of malt and malt liquors such as beer, ale and stout (NB: brewers are classified in “Beverages – Brewers” – 415 or in the “Restaurants and Pubs” sub-sector – 539 of the “Cyclical Services” Economic Group).
416 Beverages – Distillers & Vintners Distillers, blenders and shippers of alcoholic beverages such as whisky, brandy, rum, gin or liqueurs. Producers of wine and cider.
418 Soft Drinks
Manufacturers of non-alcoholic beverages, Consumer Goods 40
including carbonated mineral waters. Non-cyclical
43 Food Producers 433 Farming & Fishing & Processors Crop growers, excluding forestry. Companies which raise livestock, commercial fishers and manufacturers of livestock feeds. Owners of plantations.
435 Food Processors Processors and wholesalers of food.
44 Health 443 Health Maintenance Organisations Owners and operators of health maintenance organisations.
444 Hospital Management & Long – Term Care Owners and operators of hospitals, clinics, nursing homes, rehabilitation and retirement centres.
446 Medical Equipment & Supplies Manufacturers of medical equipment, devices and eye care products.
449 Other Health Care Diversified and other healthcare companies not classified elsewhere, e.g. “Education, Business Training & Employment Agencies” - 583.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 40 Non-Cyclical Consumer Goods (continued)
47 Personal Care & 475 Household Products Household Products Producers and distributors of detergents, soaps and polishes.
477 Personal Products Producers and distributors of toiletries, cosmetics and hygiene products.
48 Pharmaceuticals 482 Biotechnology & Biotechnology Companies, the majority of whose research and development involves the use of living material as its means of drug discovery and diagnostics development. The majority of its revenue is derived from either the sale or licensing of these drugs and/or
Non-cyclical diagnostic tools. Consumer Goods 40 486 Pharmaceuticals Companies involved in drug research, development, exploitation and distribution other than those classified elsewhere, e.g. “Biotechnology” – 482.
49 Tobacco 490 Tobacco Cigarette or tobacco manufacturers and wholesalers.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 50 Cyclical Services
52 General Retailers 524 Discount & Super Stores & Warehouses Shops concentrating on mass distribution of both hard lines and soft goods at discounted prices due to volume.
525 Retailers e-Commerce Retailers conducting the majority of their business on the Internet or other electronic systems, e.g. digital TV. Retailers also conducting business by traditional means will be classified under other retailing sub- sectors until published figures reveal that over 50% of their business, as measured by profit or turnover, is derived from e- commerce related activities.
526 Retailers – Hardlines Shops and wholesalers concentrating on the sale of a single class of goods, not classified elsewhere. Services 50
527 Retailers – Multi Department Cyclical Retail outlets with more than one department, selling a varied range of goods not classified elsewhere, e.g. “Discount & Super Stores and Warehouses” - 524.
528 Retailers – Soft Goods Shops concentrating on the sale of a single class of soft goods - clothing, etc.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 50 Cyclical Services (continued)
53 Leisure & Hotels 532 Gambling Providers of gambling and casino facilities.
536 Hotels Hoteliers and hotel service companies.
538 Leisure Facilities Providers of leisure facilities.
539 Restaurants and Pubs Operators of restaurants and pubs, including integrated brewery companies.
54 Media & 542 Television, Radio & Filmed Entertainment Entertainment Independent radio and television contractors, not classified elsewhere, e.g. “Cable & Satellite” - 543. Companies providing facilities and/or programmes for contractors. Film production. Cyclical
50 Services 543 Subscription Entertainment Networks Providers of television, media services and programming facilities driven by subscriptions.
545 Media Agencies Advertising, marketing and public relations agencies and consultancies.
546 Photography Manufacturers of photographic equipment for use by the general public. Operators of photographic studios and film development companies.
547 Publishing & Printing Publishers of information via printed or electronic media. Printers or distributors of printers’ requisites and artists’ materials.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 50 Cyclical Services (continued)
58 Support Services 581 Business Support Services Providers of non-financial services to a wide range of industries which could have been provided “in house” excluding those activities classified elsewhere.
582 Delivery Services Couriers and providers of non- contractual mail and package delivery services.
583 Education, Business Training & Employment Agencies Providers of education, business and management training courses and employment services.
584 Environmental Control Providers of solid and hazardous waste management, recovery and disposal services. Funeral directors, cemetery and crematorium operators.
587 Transaction & Payroll Services Providers of financial administration services.
588 Security & Alarm Services Companies installing, servicing and monitoring alarm systems and those providing security services.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 50 Cyclical Services (continued)
59 Transport 591 Airlines & Airports Air transport companies and operators of airports and related facilities and services.
596 Rail, Road & Freight Land transport and related facilities and services, including road and tunnel operators, vehicle rental and agencies which undertake the transportation of goods from shippers to receivers.
597 Shipping & Ports Water-borne transport and related services and terminal facilities.
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 60 Non-Cyclical Services
63 Food & Drug 630 Food & Drug Retailers Retailers Retailers of food and drug products.
67 Telecommunication 673 Fixed-Line Telecommunication Services Services Operators of fixed-line telecommunications networks.
678 Wireless Telecommunication Services Operators of mobile (cellular and satellite broadcast) and telecommunications networks. Services 60 Non-cyclical
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 60 Non-cyclical Services 70 Utilities
72 Electricity 720 Electricity Generators and distributors of electricity.
77 Utilities – Other 773 Gas Distribution Distributors of natural and manufactured gas.
775 Multi-Utilities Companies where the majority of total profits arise from the provision of utilities, where no single utility accounts for greater than 80% of the profits arising from utilities.
778 Water Companies responsible for the provision of water and the removal of sewage. 70 Utilities
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 70 Utilities 80 Financials
81 Banks 810 Banks Banks providing a broad range of financial services, with significant retail banking and money transmission.
83 Insurance 833 Insurance Brokers Insurance and life assurance agencies. 834 Insurance – Non-Life Companies engaging principally in accident, fire, marine and other classes of insurance business not classified elsewhere. 837 Re-insurance Re-insurance companies. 839 Other Insurance Insurance companies with life assurance, non-life insurance and re-insurance interests, no one of which predominates.
84 Life Assurance 840 Life Assurance Companies engaging principally in life assurance and/or the disability business.
85 Investment 850 Investment Companies (eligible for Companies index inclusion) Companies engaged primarily in owning stakes not giving control in a diversified range of companies which are FTSE Index eligible subject to passing the relevant entry criteria.
86 Real Estate 862 Real Estate Holding & Development Companies specialising in the ownership and/or development of property assets not classified elsewhere. 864 Property Agencies
Estate agents and surveyors. 80 867 Real Estate Investment Trusts Financials Real Estate corporations or trusts registered in the United States approved under s.856 of the United States Code Title 26, Subtitle A, Chapter 1, Subchapter M, Part 2, or registered in other countries under similar distinguishing legislation
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 80 Financials (continued)
87 Speciality & 871 Asset Managers Other Finance Asset managers.
873 Consumer Finance Credit card companies, providers of personal finance services (i.e. personal loans) not classified under “Mortgage Finance” - 877.
875 Investment Banks Banks providing a range of specialist financial services, primarily to corporate clients and stockbrokers.
877 Mortgage Finance Institutional providers of mortgages and mortgage insurance not engaging in other types of retail or commercial banking.
879 Other Financial Financial holding companies, security and commodity exchanges and companies engaged in financial activities not specified elsewhere.
89 Investment Entities 890 Investment Entities (ineligible for index inclusion) Companies ineligible for inclusion in FTSE Indices due to their being engaged primarily in owning stakes not giving control in a diversified range of companies. These include open-ended investment companies, currency funds and split capital investment trusts in which two or more classes of capital have different entitlements to assets and/or income after meeting the requirements of any other capital classes Financials or borrowings. 80
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO 90 Information Technology
93 Information 932 Computer Hardware Technology Manufacturers and distributors of Hardware computers and associated electronic data processing equipment and accessories.
936 Semiconductors Semiconductor capital equipment, wafer and chip manufacturers and distributors.
938 Telecommunications Equipment Manufacturers and distributors of digital equipment used in telecommunications, including mobile telephones, exchanges and microwave systems.
97 Software & 972 Computer Services Computer Services Providers of computer services. Consultants for information technology not classified elsewhere, e.g. Education, Business Training & Employment Agencies - 583.
974 Internet Access providers, internet software, on- line service providers.
977 Software Producers and distributors of computer software. 90 T echnology Information
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO FTSE Global Classification System Summary of Rules
Management Responsibilities
FTSE Global Classification Committee
The FTSE Global Classification Committee is responsible for ratifying the classification of all companies within the FTSE Global Classification System. The Committee may recommend changes to the Global Classification Rules to the FTSE Policy Group.
FTSE
FTSE maintains a record of all changes in the classification of companies and is responsible for ensuring the timely publication of all decisions by the FTSE Global Classification Committee.
Classification of Companies
The FTSE Global Classification System allocates each company to the sub-sector whose definition most closely describes the nature of its business.
New listings
Where FTSE cannot determine an appropriate classification for a new listing, or where a company disputes the classification, FTSE may seek guidance from the Chairman and Deputy Chairman of the FTSE Global Classification Committee.
The FTSE Global Classification Committee may alter the classification of a newly listed company.
Changes to the classification of a company
Where a significant change takes place in a company’s structure as a result of a corporate action (such as a merger or demerger), its industry classification will be reassessed. A company’s classification may be reviewed at the request of the company, professional advisers acting on its behalf or at the request of any member of the FTSE Global Classification Committee. Information echnology 90 T
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO FTSE Global Classification System
Classification guidelines
• The primary consideration when classifying stocks is the proportion of profits generated from each of their business areas
•A company will be allocated to that sub-sector of the FTSE Global Classification System whose definition most closely fits the source of profit or where it constitutes a majority of the profit
• Changes to the structure of the FTSE Global Classification System will be evolutionary rather than revolutionary. Any changes to industry sectors shall take place only on 1 January each year. Changes to the sub-sectors, their titles and definition, may take place at any time
Industry Classification Reviews The FTSE Global Classification Committee meets quarterly to consider all potential changes to the classification of companies that are required under the FTSE Global Classification System Rules. All decisions of the FTSE Global Classification Committee are communicated to the company concerned and announced as soon as is practical after the quarterly meeting.
Periodic changes to the classification of a company are agreed and announced by the FTSE Global Classification Committee. Changes are effective from the next trading day following the third Friday in March, June, September and December.
Changes and exceptions to the FTSE Global Classification System Rules may be authorised only by the FTSE Policy Group.
A company (or professional adviser acting on behalf of the company), may only appeal against its own classification by the FTSE Global Classification Committee on two grounds:
(a) That the FTSE Global Classification Committee acted outside the FTSE Global Classification System Rules; or
(b) That the FTSE Global Classification Committee failed to take into consideration a substantial and material fact of relevance, or took into consideration an irrelevant fact.
For a complete set of rules, please visit our website, www.ftse.com, or contact your local FTSE Client Services.
THE INDEPENDENT GLOBAL INDEX COMPANY Reference Guide * Quick
FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO FTSE Global Classification System Quick Reference Guide
Sub-sectors are listed below in alphaetical order with details of relevant sector and economic group.
Full definitions of the sub-sectors are in the main body of the handbook.
SUB-SECTOR SECTOR ECONOMIC GROUP Aerospace 215 Aerospace & Defence 21 General Industrials 20 Airlines & Airports 591 Transport 59 Cyclical Services 50 Asset Managers 871 Speciality & Other Finance 87 Financials 80 Auto Parts 313 Automobiles & Parts 31 Cyclical Consumer Goods 30 Automobiles 311 Automobiles & Parts 31 Cyclical Consumer Goods 30 Banks 810 Banks 81 Financials 80 Beverages - Brewers 415 Beverages 41 Non-Cyclical Consumer 40 Goods Beverages - Distillers 416 Beverages 41 Non-Cyclical Consumer 40 & Vintners Goods Biotechnology 482 Pharmaceuticals & 48 Non-Cyclical Consumer 40 Biotechnology Goods Builders Merchants 131 Construction & Building 13 Basic Industries 10 Materials Building & Construction 132 Construction & Building 13 Basic Industries 10 Materials Materials Business Support 581 Support Services 58 Cyclical Services 50 Services Chemicals - Advanced 116 Chemicals 11 Basic Industries 10 Materials Chemicals - Commodity 113 Chemicals 11 Basic Industries 10 Chemicals - Speciality 118 Chemicals 11 Basic Industries 10 Clothing & Footwear 341 Household Goods & Textiles 34 Cyclical Consumer Goods 30 Commercial Vehicles & 263 Engineering & Machinery 26 General Industrials 20 Trucks Computer Hardware 932 Information Technology 93 Information Technology 90 Hardware Computer Services 972 Software & Computer Services 97 Information Technology 90 Consumer Electronics 343 Household Goods & Textiles 34 Cyclical Consumer Goods 30 Consumer Finance 873 Speciality & Other Finance 87 Financials 80 Defence 216 Aerospace & Defence 21 General Industrials 20 Delivery Services 582 Support Services 58 Cyclical Services 50 Discount & Super Stores 524 General Retailers 52 Cyclical Services 50 and Warehouses Diversified Industrials 240 Diversified Industrials 24 General Industrials 20 Education, Business Training 583 Support Services 58 Cyclical Services 50 & Employment Agencies Electrical Equipment 252 Electronic & Electrical 25 General Industrials 20 Equipment Electricity 720 Electricity 72 Utilities 70 Electronic Equipment 253 Electronic & Electrical 25 General Industrials 20 Equipment Engineering - Contractors264 Engineering & Machinery 26 General Industrials 20
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO * Quick Guide Reference FTSE Global Classification System
SUB-SECTOR SECTOR ECONOMIC GROUP Engineering - General 267 Engineering & Machinery 26 General Industrials 20 Engineering Fabricators 266 Engineering & Machinery 26 General Industrials 20 Environmental Control 584 Support Services 58 Cyclical Services 50 Farming & Fishing 433 Food Producers & Processors 43 Non-Cyclical Consumer 40 Goods Fixed-Line 673 Telecommunication Services 67 Non-Cyclical Services 60 Telecommunication Services Food & Drug Retailers 630 Food & Drug Retailers 63 Non-Cyclical Services 60 Food Processors 435 Food Producers & Processors 43 Non-Cyclical Consumer 40 Goods Forestry 153 Forestry & Paper 15 Basic Industries 10 Furnishings & Floor 342 Household Goods & Textiles 34 Cyclical Consumer Goods 30 Coverings Gambling 532 Leisure & Hotels 53 Cyclical Services 50 Gas Distribution 773 Utilities - Other 77 Utilities 70 Gold Mining 43 Mining 4 Resources 0 Health Maintenance 443 Health 44 Non-Cyclical Consumer 40 Organisations Goods Hospital Management & 444 Health 44 Non-Cyclical Consumer 40 Long Term Care Goods Hotels 536 Leisure & Hotels 53 Cyclical Services 50 House Building 134 Construction & Building 13 Basic Industries 10 Materials Household Appliances 345 Household Goods & Textiles 34 Cyclical Consumer Goods 30 Household Products 475 Personal Care & Household 47 Non-Cyclical Consumer 40 Products Goods Insurance - Non-Life 834 Insurance 83 Financials 80 Insurance Brokers 833 Insurance 83 Financials 80 Internet 974 Software & Computer Services 97 Information Technology 90 Investment Banks 875 Speciality & Other Finance 87 Financials 80 Investment Companies 850 Investment Companies 85 Financials 80 Investment Entities 890 Investment Entities 89 Financials 80 (ineligible for index inclusion) Leisure Equipment 347 Household Goods & Textiles 34 Cyclical Consumer Goods 30 Leisure Facilities 538 Leisure & Hotels 53 Cyclical Services 50 Life Assurance 840 Lefe Assurance 84 Financials 80 Media Agencies 545 Media & Entertainment 54 Cyclical Services 50 Medical Equipment 446 Health 44 Non-Cyclical Consumer 40 & Supplies Goods Mining Finance 045 Mining 4 Resources 0 Mortgage Finance 877 Speciality & Other Finance 87 Financials 80 Multi-Utilities - Other 775 Utilities - Other 77 Utilities 70 Non-Ferrous Metals 186 Steel & Other Metals 18 Basic Industries 10 Oil - Integrated 078 Oil & Gas 7 Resources 0 Oil - Services 075 Oil & Gas 7 Resources 0 Oil & Gas - Exploration 073 Oil & Gas 7 Resources 0 & Production Other Construction 137 Construction & Building 13 Basic Industries 10 Materials Other Financial 879 Speciality & Other Finance 87 Financials 80 Other Health Care 449 Health 44 Non-Cyclical Consumer 40 Goods Other Insurance 839 Insurance 83 Financials 80
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO FTSE Global Classification System
SUB-SECTOR SECTOR ECONOMIC GROUP Other Mineral Extractors 48 Mining 4 Resources 0 & Mines Other Textiles & Leather 349 Household Goods& Textiles 34 Cyclical Consumer Goods 30 Goods Paper 156 Forestry & Paper 15 Basic Industries 10 Personal Products 477 Personal Care & Household 47 Non-Cyclical Consumer 40 Products Goods Pharmaceuticals 486 Pharmaceuticals & 48 Non-Cyclical Consumer 40 Biotechnology Goods Photography 546 Media & Entertainment 54 Cyclical Services 50 Property Agencies 864 Real Estate 86 Financials 80 Publishing & Printing 547 Media & Entertainment 54 Cyclical Services 50 Rail, Road & Freight 596 Transport 59 Cyclical Services 50 Real Estate Holding & 862 Real Estate 86 Financials 80 Development Real Estate Investment 867 Real Estate 86 Financials 80 Trusts Re-insurance 837 Insurance 83 Financials 80 Restaurants and Pubs 539 Leisure & Hotels 53 Cyclical Services 50 Retailers - Hardlines 526 General Retailers 52 Cyclical Services 50 Retailers - Multi 527 General Retailers 52 Cyclical Services 50 Department Retailers - Soft Goods 528 General Retailers 52 Cyclical Services 50 Retailers e-Commerce 525 General Retailers 52 Cyclical Services 50 Security & Alarm 588 Support Services 58 Cyclical Services 50 Services Semiconductors 936 Information Technology 93 Information Technology 90 Hardware Shipping & Ports 597 Transport 59 Cyclical Services 50 Soft Drinks 418 Beverages 41 Non-Cyclical Consumer 40 Goods Software 977 Software & Computer Services 97 Information Technology 90 Steel 188 Steel & Other Metals 18 Basic Industries 10 Subscription Networks 543 Media & Entertainment 54 Cyclical Services 50 Telecommunications 938 Information Technology 93 Information Technology 90 Equipment Hardware Television, Radio & Film 542 Media & Entertainment 54 Cyclical Services 50 Tobacco 490 Tobacco 49 Non-Cyclical Consumer 40 Goods Transaction & Payroll 587 Support Services 58 Cyclical Services 50 Services Tyres & Rubber 317 Automobiles & Parts 31 Cyclical Consumer Goods 30 Vehicle Distribution 318 Automobiles & Parts 31 Cyclical Consumer Goods 30 Water 778 Utilities - Other 77 Utilities 70 Wireless 678 Telecommunication Services 67 Non-Cyclical Services 60 Telecommunication Services
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO FTSE Global Classification System
Quick Reference Guide (continued overleaf)
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO FTSE Global Classification System Contact Us
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FRANKFURT • HONG KONG • LONDON • MADRID • NEW YORK • PARIS • SAN FRANCISCO